Publication:
COVID-19: The Regulatory and Supervisory Implications for the Banking Sector

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2020-05-21T18:45:56Z
dc.date.available2020-05-21T18:45:56Z
dc.date.issued2020-05-21
dc.description.abstractThis note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 (coronavirus) pandemic and offers an overview of measures taken across jurisdictions to date. The banking sector plays a critical role in mitigating the unprecedented macroeconomic and financial shock caused by the pandemic. Timely, targeted and well-designed regulatory and supervisory actions are essential to maintain the provision of critical financial services, particularly to households and firms that are affected most, while mitigating financial risks, maintaining balance sheet transparency, and preserving longer-term financial policy credibility. In this context, authorities should employ the embedded flexibility of regulatory, supervisory, and accounting frameworks, and encourage judicious loan restructuring while continuing to uphold minimum prudential standards. Standard-setting bodies have issued guidance to support national authorities in their efforts to provide effective, sound, and well-coordinated policy measures.en
dc.identifierhttp://documents.worldbank.org/curated/en/446571590080100775/COVID-19-The-Regulatory-and-Supervisory-Implications-for-the-Banking-Sector
dc.identifier.doi10.1596/33793
dc.identifier.urihttps://hdl.handle.net/10986/33793
dc.languageEnglish
dc.publisherInternational Monetary Fund and the World Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBANKING SECTOR
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC RESPONSE
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL SERVICES
dc.subjectLOAN RESTRUCTURING
dc.subjectGLOBAL RECESSION
dc.subjectSTANDARD-SETTING BODIES
dc.titleCOVID-19en
dc.title.subtitleThe Regulatory and Supervisory Implications for the Banking Sectoren
dc.typePolicy Noteen
dc.typeDocument de politique généralefr
dc.typeDocumento de políticases
dspace.entity.typePublication
okr.crossref.titleCOVID-19
okr.date.disclosure2020-05-21
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Policy Note
okr.docurlhttp://documents.worldbank.org/curated/en/446571590080100775/COVID-19-The-Regulatory-and-Supervisory-Implications-for-the-Banking-Sector
okr.guid446571590080100775
okr.identifier.doi10.1596/33793
okr.identifier.externaldocumentum090224b0879686a9_1_0
okr.identifier.internaldocumentum32057294
okr.identifier.report147824
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/446571590080100775/pdf/COVID-19-The-Regulatory-and-Supervisory-Implications-for-the-Banking-Sector.pdfen
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Financial Crisis Management & Restructuring
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.unitEFI-FCI-Finance-GD (EFNDR)
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